Fewer students enrolled in Tertiary Study in 2012

Fewer students take out student loans, but they borrow more – Media release

4 December 2013

Fewer students enrolled in tertiary study in 2012, and fewer of them are taking out student loans, Statistics New Zealand said today. For the first time since interest-free student loans were introduced in 2006, the proportion of tertiary students taking out a student loan has decreased, and in 2012 was just below 48 percent. The average amount borrowed in a year continued to increase (to $7,820).

While the number of students enrolled in tertiary education fell in 2012, the proportion of students receiving financial support via the Student Allowances Scheme remained unchanged at 22.5 percent. The 94,953 students receiving the student allowance in 2012 received an average of $6,830.

Student Loans and Allowances: 2012 contains information from the Ministry of Education, the Ministry of Social Development, and Inland Revenue. Statistics NZ links this information to produce statistics on the educational characteristics of student loan borrowers and student allowance recipients, as well as their loans, allowances, income, and repayment information.

ENDS

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